Show FIVE IVE GOVERNMENTS DEMAND SILVER FR CONAGE It I has han Just been learned lere that that five fv gov- gov have ments ments have han beep bee bet bidding for silver I tal lal which they needed newe for tor coinage coInage is s 8 accounts for tor the sudden advance Int in t e metal In London a week a ago o. o and the I ducer of the West Wel are aro now watching th lh th keen interest the PM passage iC of or the tho bill billS bill'S bU S 'S Ich has hs for Its object the purchase of I 1 ounces While this act provides f the purchase of or this metal during the time si II sit months following Its Its' p passage sage at a a ap p r ce cc not higher than the ann average e prIce iL r riling ng from January 15 IG to o June 16 15 of this thi y r r. r it I will at least leant give the producers s to fall back on in case the tho forel fori for- for I el ci i demand Is satisfied and the market b bl mes stagnant It t the outbreak of or hostilities in Europe th silver market was wa in a strong ti t Stocks In Lon London on which Is ia the th sitye sit sil- 81 ye ve vel market of ot the world were practically cx e austed War brought the English gayer gov gay er ont In the market markel and other users user of tho h ho metal soon followed This helped th situation In this country as the marke market marke mar mar- mar mar- ke ket across tho the ocean were opened up to th producers of this country American sm ting concerns accumulated a considerable consid e c erable Ie be stock of the metal within a I short ti t but by reason of or the good demand In his country countr and abroad these stocks we weft soon depleted War Wr pro produces a Q govern gov- gov em ern demand the world over for col coi g ge purposes purpose and Fanco ia is 1 reported to toha toha ha ha Its Is franc 5 pieces ploce S veral million milon ounces of silver have bee exported from New York within the pas two to weeks Concerning the situation in til her lver ver Handy Hand Harman who have exp a large barge amount of ot the tha white met I sa say Jin S 9 the general generl situation has cl cleared red up som what and shipments of silver In largo large Qua titles tte to London are being made and sale of or silver have havo o ho been effected in London Lon Lon- Ln- Ln don at the tIme official quotation It I was waa WI dee dec decried ed ad advisable nd by various interests to a 1 New ew York official price based on actu 1 transactions in London after tAlc tAlc- ing mo to consideration the tho extra expense of ot s a shipments owing to war risks rIsk or tre frei t and insurance or The l l e London market for sliver silver Is I very acne sen sensitive lye Ive and uncertain and Is subject to wide fluctuations tons owing to financial condito condro con- con dito dro s. s At present the time demand for tor silver In nil fL I for export to tho the l Far ar East cast st lver Is IS p sent demand for silver in London i Is 18 r to fo J Coinage purposes and already the tho Engh h mint has ha bought lare largely In addition additon addi addi- ton tion k p f which there have havo been executed order for the continent execute |